First Industrial Realty Trust, Inc. (NYSE:FR) Receives $55.10 Average Target Price from Analysts

Key Points

• First Industrial Realty Trust has received a consensus rating of "Hold" from eleven research firms, with six firms issuing hold ratings and five giving buy ratings.
• The company's quarterly earnings report showed $0.76 earnings per share, beating estimates by $0.04, and revenue reached $180.16 million, exceeding analyst predictions.
• Institutional investors own 99.85% of First Industrial Realty Trust’s stock, indicating strong institutional support for the company.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) have earned a consensus rating of "Hold" from the eleven ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.40.

Several analysts have recently issued reports on FR shares. Barclays reduced their target price on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Truist Financial lowered their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Scotiabank raised their price objective on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a research note on Wednesday.

First Industrial Realty Trust Stock Performance

NYSE FR traded down $0.17 on Tuesday, reaching $52.27. The stock had a trading volume of 677,599 shares, compared to its average volume of 1,250,470. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a fifty day moving average of $49.33 and a two-hundred day moving average of $50.56. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $58.17. The company has a market cap of $6.92 billion, a P/E ratio of 25.50 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The firm had revenue of $180.16 million for the quarter, compared to analyst estimates of $176.46 million. During the same period in the prior year, the firm posted $0.66 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, equities research analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.4%. First Industrial Realty Trust's payout ratio is presently 86.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FR. Bessemer Group Inc. boosted its position in First Industrial Realty Trust by 93.0% in the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 225 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of First Industrial Realty Trust in the first quarter valued at $26,000. Elevation Point Wealth Partners LLC bought a new stake in shares of First Industrial Realty Trust in the second quarter valued at $40,000. Parallel Advisors LLC raised its stake in shares of First Industrial Realty Trust by 285.1% in the first quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 821 shares during the period. Finally, True Wealth Design LLC raised its stake in shares of First Industrial Realty Trust by 988.7% in the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,137 shares during the period. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc NYSE: FR is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.